T11 - Recent Trends in ASC 740 Disclosures and SOX Updates, Including Non-GAAP Reporting

Description

Regardless of industry, global footprint, or business lifecycle, companies are facing a wide variety of financial reporting and accounting challenges. To ensure you’re up to date on the current landscape, we’ve assembled a leading team of tax accounting experts to cover recent trends in income tax disclosures and select Sarbanes-Oxley updates. Our panel will review non-GAAP reporting guidance, common non-GAAP adjustments, and tax-specific non-GAAP approaches and illustrate their application in SEC comment letters. The panel will then shift to recent trends in tax disclosures based on a sample of S&P 500 and DOW 30 calendar year filers, coving topics such as outside basis assertions, change in valuations, risk factors/MD&A, and critical audit matters related to income taxes. The panel will then transition to SOX 404 internal control process considerations specific to the OECD pillar 2 global anti-base erosion regime and minimum tax, providing a detailed look at the myriad of factors relevant to this trending issue.

At the conclusion of this course, participants should:

• Be aware of and understand non-GAAP reporting guidance, common non-GAAP adjustments, and tax-specific non-GAAP approaches and be better able to apply them in practice;
• Be aware of and understand recent disclosures addressing outside basis assertions, changes in valuations, risk factors/MD&A, and critical audit matters related to income taxes and be better able to apply them in practice;
• Understand SOX 404 internal control process considerations specific to the OECD pillar 2 global anti-base erosion regime and minimum tax and be better able to design and implement such controls
  

Moderator(s):

• Mr. Chris P. Anderson, Meta Platforms, Inc.

Speaker(s):

• Mr. Damien E. Boudreau, US Tax Accounting Services Leader, PricewaterhouseCoopers LLP
• Ms. Christina N. Edwall, Deloitte Tax LLP
• Mr. Nick Frank, Bloomberg Tax & Accounting